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- As a foreign exchange trader at a Citibank, you are given the following quotations: 1-month 2-month Exchange Rate Spot Rate forward forward 1 Singapore Dollar (S$) 100 Japanese Yen (100¥) 1 Australian Dollar (AUD) RM3.0500/10 RM3.5000/30 RM3.1010/40 20/70 25/65 45/35 60/50 35/70 65/55 Country Malaysia Japan Singapore Rate 15% 3-Month interest rate 10% 20% Calculate: iii. If the bank's customer wishes to buy ¥200,000 in 2 months' time, how much he must pay in RM?The U.S. Company purchased Laptop from a company domiciles in japan. The contract was denominated in 600,000 Japan Yen. The direct exchange spot rate on this date was $0.0844. Select one: a. None of the other points $650,000 $650,000 b. Purchases Cash c. Purchases $650,000 Account Payable $650,000 $50,640 O d. Purchases Account Payable $50,640An Omani businessman has just completed transactions in UAE. He is now holding AED 710,000 and SAR 120,000,000 and 100,000 wants to convert it to Omani rial (OMR). His currency dealer provides this quotation : Bid Ask SAR/ USD 3.7500 12 USD /AED 0.2722 OMR USD 0.3846 04 What are his proceeds from conversions ?
- What is $31.54 U.S. Dollars in Canadian Dollars? ($1 U.S. Dollar = $1.32 Canadian Dollars)Honesto imported a harvester from the U.S. with a total cost of 1,100,000 before Customs Duties. The importation is subject to 10% Customs duties. What is the VAT on importation if the importation is made by an agricultural cooperative?* a. P 158,400 b. P 144,000 c. P 129,600 d. P 0Please explain how the bolded option is the correct answer
- Please show all steps in Exceland please explain al steps. In1803, the U. S. doubled in sizewith the Louisiana Purchase.That well - known real estatemogul Napoleon Bonaparte soldus 827, 000 square miles(529, 280, 000 acres-there are640 acres in a square mile). Wepaid $15 million. Assume thatpart of the US is worth anaverage of $7, 500 per acre in2024. What is the annual rate ofreturn of this purchase for the U.S. ?3. On October 1, IJR International received an order from a Japanese customer for 2,500,000 Yen to be paid upon receipt of the goods, scheduled for December 1. The rates for $1 US are as follows: Spot rate, October 1 Forward rate, December 1 Spot rate, December 1 Exchange Rates for $1 for Yen 83 82 81 (a) Calculate what IJR would receive from the Japanese customer in US dollars using the spot rate at the time of the order. (b) Calculate what IJR would receive from the Japanese customer in US dollars using the spot rate at the time of payment. (c) Calculate the amount that IJR expects to receive on December 1 if IJR's policy is to hedge foreign currency transactions. (d) How can IJR protect itself from the risk of the transaction?Pacific Fixed Income Pension Fund is managingits business in another country and needs tobconvert its foreign income into US dollars everyquarter and pay to its sponsors. This companyenters into a forward contract with Barclay tosell a foreign currency for K1 at time T1. Theexchange rate at time T1 proves to be S1 (S1>K1). The company asks Barclay if it can roll thecontract forward until timeT2 (T2 >T1) ratherthan settle at time T1. Barclay agrees to a newdelivery price, K2. Suppose that you are the RiskManagement Department Manager of Barclay.Explain how you will calculate K2 correctly.
- Assume us government's issues 170,000,000 treasury bill for settlement of citizen's claims. So which of financial asset characters the above statement is?a, currency b,money ness c, term to maturity d, convertibilityOn October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows: Date Spot Rate Forward Rate(to January 31, 2021) October 1, 2020 $ 0.25 $ 0.29 December 31, 2020 0.28 0.31 January 31, 2021 0.30 N/A Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored. Prepare journal entries for the foreign currency forward contract,…D Company purchases 80,000 US dollars under a forward contract dated November 1, 2020, for delivery on January 31, 2021. The following are the direct exchange rates of a US dollar: 11/01/2020 12/31/2020 01/31/2021 Spot rates 45.75 44.90 44.5030-day forward 44.30 46.15 43.2060-day forward 47.65 44.30 45.7590-day forward 45.25 45.45 44.10 If the forward contract is a hedge of an import transaction of $80,000 dated November 1, 2020, payable on January 31, 2021, how much forex gain should the company report on its December 31, 2020 statement of comprehensive income?
